ARRIS International plc (ARRS - Free Report) subsidiary — Ruckus Networks — recently announced that it has introduced the Ruckus Financial Services program to support its customers and partners achieve financial and business objectives. Notably, this new program has been designed to alleviate network operators’ burden of heavy upfront CAPEX requirement and help them remain competitive through new technology investments while enhancing profitability.
Through this innovative approach, Ruckus aims to work with its reseller partners to offer a variety of financing options to realize the latter’s customized needs. Available in key markets around the world where the company’s solutions are found, this flexible financial solution will help its business partners to acquire the latest networking hardware, software and professional services with minimal upfront capital investment.
The program makes it easier for customers and partners to build their network while helping them conserve capital for core business needs. It has been designed to help customers secure their Wi-Fi connectivity solutions by enabling investments in the latest networking technology. Also, it allows Ruckus to provide the technology solutions and total cost of ownership benefits that fall in line with its customers’ and partners’ financial and operational goals.
The service recipients can receive a 100% turnkey finance solution for all hard and soft costs, thereby keeping their existing bank funding lines intact, diversify funding base and free up working capital for key business goals. Ruckus is looking for ways to simplify the buying process and ensure a seamless business transaction.
Also, the company seeks to provide connectivity to people in the most remote areas of the world for connecting more people in order to bridge the digital divide. Furthermore, ARRIS enables customers to manage the exponential bandwidth growth effectively through steady investments in state-of-the-art technologies.
Despite all these efforts, in the past three months, shares of ARRIS have lost 14.8% compared with decline of 4.8% for the industry. It is to be seen if such coveted service offerings can help the company revive profitability in coming quarters.
ARRIS currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Turtle Beach Corp. (HEAR - Free Report) , Viavi Solutions Inc. (VIAV - Free Report) and KVH Industries, Inc. (KVHI - Free Report) . While Turtle Beach and Viavi Solutions sport a Zacks Rank #1 (Strong Buy), KVH Industries carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Turtle Beach has a long-term earnings growth expectation of 18%. It surpassed earnings estimates twice in the trailing four quarters with an average positive surprise of 727.8%.
Viavi Solutions has beaten earnings estimates in each of the trailing four quarters, the average surprise being 35.8%.
KVH Industries surpassed earnings estimates thrice in the trailing four quarters with an average positive surprise of 34.5%.
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